Recognition of RSBs and RQBs

Published: 25 September 2023

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There are currently four Recognised Supervisory Bodies (RSBs) and five Recognised Qualifying Bodies (RQBs) for the purpose of statutory audit.

Requirements for RSBs

The requirements for recognition as a RSB are in Schedule 10 of the Companies Act 2006, as amended by The Statutory Auditor and Third Country Auditors Regulation 2016 (‘SATCAR 2016’).

Recognised supervisory bodies (RSBs)

  1. Association of Chartered Certified Accountants (ACCA)
  2. Chartered Accountants Ireland (CAI)
  3. Institute of Chartered Accountants in England and Wales (ICAEW)
  4. Institute of Chartered Accountants of Scotland (ICAS)

Requirements for RQBs

The requirements for recognition as an RQB are in Schedule 11 of the Companies Act 2006.

Recognised qualifying bodies (RQBs)

  1. Association of Chartered Certified Accountants (ACCA)
  2. Association of International Accountants (AIA)
  3. Institute of Chartered Accountants in England and Wales (ICAEW)
  4. Chartered Accountants Ireland (CAI)
  5. Institute of Chartered Accountants of Scotland (ICAS)

Derecognised RSBs and RQBs

RSBs

  • Association of Authorised Public Accountants (AAPA)

RQBs

  • Chartered Institute of Public Finance and Accountancy (CIPFA)

Topics

Types

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